Tigers Realm shareholders, including billionaire Paul Little, are set to approve the sale of its Russian coal mines but a sanctions complication looms.
Tigers Realm shareholders, including billionaire Paul Little, are set to approve the sale of its Russian coal mines to a Russian businessman, but the threat of legal action for
The coal miner’s company secretary, David Forsyth, declined to comment on what has come of these talks with DFAT. In April, Tigers Realm lost its Federal Court battle contending that Commonwealth sanctions on importing, buying and transporting Russian coal did not apply to the ASX-listed entity. Its lawyers argued that as the miner was only “transporting” the coal within Russia, it did not fall within the sanctions.
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